Tag: revenue

Primark revenue and profits hit by store closures

Primark revenue and profits hit by store closures

Image: Primark

Primark has reported a drop in half-year sales and profit as Covid-19-related store closures continue to impact the retailer.

The fast-fashion giant’s revenue fell 40 percent to 2.23 billion pounds for the six months to February 27, with the majority of its stores closed for more than half of the period. Unlike many of its rivals, Primark doesn’t have a webstore to offset sales losses from its physical stores.

Adjusted operating profit plummeted 90 percent to 43 billion pounds.

Primark’s parent company, Associated British Foods (ABF), reported a 17 percent drop

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IFS growth outperforms market in 2020 with 26{964f9ed1dd3881c79743812c3f28effde5b9271ba8701ca882984cc44c5cc62a} increase in software revenue | News

LONDON, Jan. 28, 2021 /PRNewswire/ — IFS, the global enterprise applications company, today announced its financial results for the full year ended December 31, 2020.

2020 saw widespread market disruption due to the Covid-19 pandemic. This has heightened the need for companies to build resilience into their business and adopt digital business models. 

With this backdrop IFS has stood firm in its commitment to deliver measurable benefits to its customers and has doubled down on ensuring a faster time to value. This has been instrumental in delivering sustained growth in revenue and led to a 105-percent increase

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Matteo: ‘With Staten Island Mall closed, N.Y. is losing tax revenue to N.J.’

STATEN ISLAND, N.Y. — Councilman Steven Matteo (R-Mid-Island) said he can’t stand seeing Staten Islanders cross a bridge to New Jersey to spend their money in Garden State malls.

And the reason borough residents seem to be doing that more these days is the Staten Island Mall, New Springville has remained shuttered — with the exception of stores that have exterior entrances — due to Gov. Andrew Cuomo’s mandate prohibiting indoor malls in New York City from opening amid the coronavirus (COVID-19) pandemic. Malls in all other parts of New York state have been allowed to open.

“The fact is

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